I have an overall bullish bias on the pair looking at higher timeframes, we'd be looking for a pullback into these liquidity zones and the neckline of the slanted head & shoulders. Wanting reaction off the fibs and a clear confirmation of reversal before entering.
Nice analysis but I feel its gonna break through the 50fib and continue in a downtrend..... My thoughts tho🤔
jamesabuck
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@danzy25 .50 fib very easily manipulated so be careful with that. Could go either way, see what impact the news has on price - may get more pullback than expected
danzy25
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@jamesabuck I will definitely be careful sL always in place.... today was a good day tho.... Everything went well
WicktatorFX
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I’m looking to short it. DXY pushing higher too. What do you think?
jamesabuck
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@Wicktator, will have to watch what price dows coming into these zones. If dxy fils them gaps and breaks structure could continue to bomb down
PatitoMilefa
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Lets gooo
jamesabuck
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@PatitoMilefa, Catch any nice trades on it on the downside?